Fernández v. Registrar of San Juan
Fernández v. Registrar of San Juan
Opinion of the Court
delivered the opinion of the- conrt.
The mercantile partnership of A. Gaos & Company was composed of Alejandro Gaos and Manuel Padial. The former having died, on October 24, 1907, the District Conrt of San Jnan, on the allegation of his widow, Margarita Padial, that she had been left pregnant, appointed her administratrix of the estate of her husband until her delivery, or nntil the maximum period of gestation had expired; and by another order of the same date she was authorized, as such admin-istratrix • of the estate of her deceased husband, Alejandro Gaos, to dissolve the partnership of A. Gaos & Company, declaring it to be in liquidation, and to appoint, in agreement with the other partner, a liquidator of the said partner
The liquidator was appointed and on October 29, 1907, he sold to the mercantile partnership of Padial & Villar a certain property belonging to the partnership in liquidation for the sum of $22,059, of which, the vendees retained the sum of $8,800 to redeem a mortgage on the property and for the remaining $13,259 gave three promissory notes payable at intervals of six months.
Some years later, or on June 21, 1918, Manuel Padial and the widow of Alejandro Gaos executed the deed which gives rise to this appeal, wherein, after making reference to the foregoing facts and stating that the mercantile partnership of A. Gaos & Company was fully liquidated by the said liquidator and that consequently the partnership of Padial & Villar had paid the three promissory notes, but that the liquidator had died without executing an authentic document acknowledging the receipt of the amount of the notes so that the payment could be entered in the registry of property, the parties, therefore, as the only persons interested in the payment of the notes, set forth the said facts and desired and consented that it be made so to appear in the registry of property on the margin of the record of the said deed of sale.
The registrar refused to enter the marginal note of payment on the ground that it did not appear that the three promissory notes had been taken up, applying by analogy the provisions of article 82 of. the Mortgage Law; and also refused to enter it as to the share of the partner Alejandro Gaos because it did not appear that Manuel Padial and Margarita Padial were the only persons interested in the payment of the notes, the interested parties being the former
From that decision Felipe Fernández, as liquidator of F. Fernández & Company, Ltd., took this appeal, alleging that, the said partnership in liquidation is the present owner of.' the property according to a deed recorded in the registry of property, which fact the respondent registrar admits in his brief in support of his decision.
The article of the Mortgage Law which is applied by analogy in this case by the respondent registrar and invoked in support of the first ground of his refusal to enter the satisfaction of the promissory notes given in payment of the purchase price, reads as follows in its fourth paragraph:
“Art. 82. * * *
“Records made to secure sums represented by negotiable paper shall be canceled upon presentation of an instrument executed by the persons who may have collected the credits, which must show that the negotiable paper was canceled at the time of its execution, or of a petition signed by said interested persons and by the debtor' to which are attached the negotiable .paper referred to, duly perforated. * * * ”
This statute refers to the cancelation of records of mortgages created to secure negotiable obligations, but as in the present case there is no recorded mortgage and no cancelation of any record is sought, nor does it appéar that "the said promissory notes were negotiable, we are of the opinion that the statute can not be applied by analogy to this case for the mere reason that several promissory notes were given in payment of the purchase price, and that according to article 16 of the same law the payment of these obligations can be shown by a marginal note in conformity with the instrument presented in the registry.
As regards that part of the decision appealed from which refuses to enter the marginal note of payment with reference to the share of the partner Alejandro Gaos because it does
The case of Fernández v. Registrar of San Juun, 26 P. R. R. 305, cited by the appellant in support of this part of his appeal, is not in point, for in that case Carlos Conde was the only member of the liquidating partnership of Villar & Company in whose name he acknowledged payment. The other case cited, Fernández González v. Registrar of San Juan, 26 P. R. R. 354, has no relation to the case at bar.
The decision must be affirmed as to its second ground.
Affirmed in part.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.